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Would American Eagle Outfitters Inc. be considered an economic entity or a social entity Why?
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What is economic entity assumption?
Economic entity assumption is an assumption under the Generally Accepted Accounting Principles that separates the stakeholders from the business itself. The business is its own entity. Economic entity assumption is an assumption under the Generally Accepted Accounting Principles that separates the stakeholders from the business itself. The business is its own entity.
Is Mexico political or economic region?
Both. Mexico (capital: Mexico City) is an independent country with a political system on its own and as such, it is also considered an independent economic entity or region within the continent of North America.
A future economic benefit owned or controlled by an entity is?
asset
An economic entity in and of itself and which is also owned by its shareholders?
corporation or partnership
What is an example of an economic entity?
2) A firm issues periodic reports called:
What is economic entity assumption?
Economic entity assumption is an assumption under the Generally Accepted Accounting Principles that separates the stakeholders from the business itself. The business is its own entity. Economic entity assumption is an assumption under the Generally Accepted Accounting Principles that separates the stakeholders from the business itself. The business is its own entity.
Is Mexico political or economic region?
Both. Mexico (capital: Mexico City) is an independent country with a political system on its own and as such, it is also considered an independent economic entity or region within the continent of North America.
A future economic benefit owned or controlled by an entity is?
asset
What is meant by accounting entity?
An accounting entity can be either a business or subdivision of a business that engages in economic activities , has economic assets and resources that must be accounted , and is separate from the personal dealings of its owners .
What is an ultimate parent company?
An ultimate parent company considered as a parent company of a subsidiary entity, and the subsidiary entity has its subsidiary entity.
An economic entity in and of itself and which is also owned by its shareholders?
corporation or partnership
Is a wife responsible for medical bills that her deceased husband incurred while he was sick but alive?
Since a married couple are considered to be one economic entity, yes. The wife would be held responsible.
For accounting purposes the business entity should be considered separate from its owners if the entity is a?
a corporation, proprietorship or a partnership.
What is an example of an economic entity?
2) A firm issues periodic reports called:
Is a health plan considered a covered entity?
True
A health plan is considered a covered entity?
True
Where does a corporation gain separate legal entity in the History of American law?
what is a separate legal entity for a corporation?
